South Bay Village, a 107,539-square-foot grocery-anchored shopping center in Torrance, traded hands for $39.7 million. The buyer was London-based investment firm Charing Cross while the seller was Jacksonville, FL-based Regency Centers.
Located at 19330 Hawthorne Blvd., the center is occupied by nationally recognized tenants including HomeGoods, Walmart, and El Pollo Loco. Built in 1971 and renovated in 2012, South Bay Village is situated on arguably one of Los Angeles County’s strongest commercial corridors with nearly 72,025 cars passing per day.
Newmark’s Bill Bauman and Kyle Miller, as well as Westmac Commercial Brokerage Company’s Luke Palmo brokered the deal.
Bauman says, “South Bay Village presented a unique opportunity for the buyer to acquire a strong performing grocery anchored center with exceptional credit tenants that is located in the heart of one of the strongest retail corridors in Southern California.”
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
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